California payday loans online provide a safe and convenient way to cover small, unplanned expenses or unexpected bills or repairs.
When getting an online payday loan, your best choice is a direct lender.
California payday loans online are available from direct lenders and this is important. Otherwise, you run the risk of exposing your finances to companies that sell consumer information or engage in identity theft.
California online payday loans from direct lenders can provide overnight cash for anyone that may have difficulty qualifying for a bank loan. The maximum loan amount is $300. The maximum fee a payday lender can charge is 15% of the face amount of the check (up to a maximum of $45).
Online payday loan requirements vary with direct lenders, but typically you will need the following to apply:
- Meet minimum age requirements in your state (18 in most states).
- Have an open and active checking account.
- Be able to show proof of income.
- Have a valid phone number.
There may be additional requirements for California payday loans online but these are the basics.
Check Into Cash is a Direct Payday Lender
Check Into Cash is a direct lender based in Cleveland, TN and founded in 1993. Check Into Cash provides customers with short-term, small dollar credit solutions.
Check Into Cash offers payday loans online in addition to having 1,100 stores in 30 states. Within 60 seconds or less you will know the results of your application submission.
Check Into Cash Payday Loan Details:
The application only takes 5 minutes and you can be approved instantly.
- Active checking account open for at least 90 days
- US citizen or permanent resident
- Be at least 21 years of age
- You must have a regular source of incomeHave a current home/cell and work phone number
- Have a valid email address
Apply for California payday loans online, get approved in minutes and have cash in your account overnight. You even have the option of having cash deposited directly to your debit card.
Check Into Cash offers an easy, online application process.
Check Into Cash makes the online payday loan process simple and easy.
- Application. Complete the application online.
- Get approval. Read the loan contract and sign the contract to receive your loan.
- Get your cash. Funds will be deposited into your bank account as soon as the next business day.
- Repayment. The original loan amount and all fees and finance charges will be debited from you bank account on your next payday.
Alternative to California Payday Loans Online
California payday loans online are not your only option for fast cash. While these types of loans are generally easy to qualify for, they do come at a high cost.
According to the Center for Responsible Lending, “these small dollar loans carry average annual percentage rates of 391% that make it very difficult to escape a cycle of debt that can last months or years.”
A personal loan may be a better option than a payday loan, even if you have less than perfect credit. Personal loans for bad credit may cost you less money in the long run.
Online direct personal loan lenders can process your application just as quickly as lenders for payday loans online. In fact, in some cases you can have the funds you need by the next business day.
The biggest difference in online personal loans and payday loans is that you’ll have to go through a credit check to qualify. But, you can check your rate without any impact to your credit score. This allows you to see what rate and amount you’ll qualify for prior to completing a full application.
Here are a few benefits of online personal loans:
- Personal loans come with the option of longer repayment terms. You can pay your personal loan off over a few years instead of a few months.
- Monthly payments are more manageable.
- Fewer fees involved with loans.
- You can borrow more money than with payday loans.
OppLoans is a direct lender based in Chicago, IL and founded in 2009. OppLoans provides customers with online loans for bad credit that can help improve credit. Applying takes no more than a few minutes to complete, and you can find out if you’re approved instantly after submitting your application.
- Good credit not required. Minimum credit score required is 300.
- Loan amounts up to $4,000.
- Checking account and direct deposit required.
- 99%–199%, varies by state.
- Repayment terms range from 9 to 36 months.
- OppLoans charges a loan origination fee of 0% to 3% of the loan amount.
- OppLoans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
- Get funds fast. Applications that are approved before 7:30 p.m. EST can be funded as soon as the next business day.
Safe practices when applying for California payday loans online
- Never pay an upfront fee for a so-called guaranteed approval loan. No legitimate lender is going to guarantee a loan approval for any amount of money. The Federal Trade Commission warns about potential loan scams.
- Read all of your loan agreement. Pay attention to the APR and any additional fees that you’re being charged.
- Check for complaints with the Better Business Bureau.
Finally, a 2018 Federal Reserve Report stated 40% of Americans can’t cover a $400 emergency expense. It’s time to make some financial adjustments like setting up automatic direct deposits from a paycheck to a California bank that pays high-interest on savings accounts. Start building a financial cushion.